How much do SBA lenders typically lend to a investment banking and securities dealing business?

The median SBA approval in NAICS 523110 is $233,500, with the middle 80% of loans between $40,000 and $1,265,000. Across all industries the median is $180,000.

Which lenders are most active in investment banking and securities dealing?

By dollars approved: Live Oak Banking Company, Touchmark National Bank, First Internet Bank of Indiana, Columbia Bank, Florida First Capital Finance Corporation, Inc.. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.

Is investment banking and securities dealing considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 5.9% were charged off, versus 7.6% across all SBA lending. That is close to average.

NAICS 523110 · Finance & Insurance

SBA loans for investment banking and securities dealing

64 SBA loans worth $36.0M have been approved in this industry since FY2010 - the #793 most-financed NAICS code in the country.

Median loan

$233,500

+30% vs all industries

Typical range

$40K-$1.3M

Middle 80%

Median rate

5.87%

7(a) initial note rate

Median term

10 yr

Charge-off rate

5.9%

vs 7.6% all industries

Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.

Lenders

Most active in this industry

Lender	Loans	Approved
Live Oak Banking Company	14	$19.1M
Touchmark National Bank	1	$5.0M
First Internet Bank of Indiana	1	$1.4M
Columbia Bank	2	$1.0M
Florida First Capital Finance Corporation, Inc.	2	$857K
Byline Bank	2	$700K
Citizens Bank	1	$615K
United Midwest Savings Bank	1	$600K
Advantage Certified Development Corporation	1	$529K
Manufacturers and Traders Trust Company	4	$525K

Geography

Where these loans were made

State	Loans	Share
New York	7
Texas	6
Washington	6
California	5
Ohio	5
Minnesota	4
Indiana	3
Florida	3

Approvals by fiscal year

’10

’11

’12

’13

’14

’15

’16

’17

’18

’19

’20

’21

’22

’23

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
11%
$50K - $150K
22%
$150K - $350K
25%
$350K - $1M
28%
$1M - $2M
9%
Over $2M
5%

Nearby

Other finance & insurance industries

See the sector

Insurance Agencies and Brokerages10,623 · $171,000 Investment Advice2,974 · $264,500 Portfolio Management and Investment Advice737 · $250,000 Mortgage and Nonmortgage Loan Brokers493 · $182,000 Miscellaneous Financial Investment Activities411 · $187,500 All Other Insurance Related Activities401 · $100,000 Portfolio Management392 · $225,500 Financial Transactions Processing, Reserve, and Clearinghouse Activities280 · $250,000

Common questions

How much do SBA lenders typically lend to a investment banking and securities dealing business?: The median SBA approval in NAICS 523110 is $233,500, with the middle 80% of loans between $40,000 and $1,265,000. Across all industries the median is $180,000.
Which lenders are most active in investment banking and securities dealing?: By dollars approved: Live Oak Banking Company, Touchmark National Bank, First Internet Bank of Indiana, Columbia Bank, Florida First Capital Finance Corporation, Inc.. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.
Is investment banking and securities dealing considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 5.9% were charged off, versus 7.6% across all SBA lending. That is close to average.

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